Very rare to the market mixed-use property in a prime Cambridge location, just minutes from Kendall Square, MIT, Cambridge Hospital, Inman Square, and Lechmere Station. This solid 3-story brick building features two residential units above a street-level commercial space currently operating as a restaurant. All three units are Tenant-at-Will and well below market rent, offering exceptional flexibility for repositioning for rent increases. The total market rent should be well over $12k monthly. The residential units are ideally situated to benefit from Cambridge’s consistently high rental demand and low vacancy rates, while the commercial space provides significant income opportunity in a high-visibility location. A compelling investment for buyers seeking steady cash flow with long-term upside in one of the area’s most sought-after neighborhoods. Showings by appointment only. Please do not disturb the restaurant tenant. Also listed under Commercial MLS #73367367.
— MLSPIN #: 73367362Map of 253 Cambridge St, Cambridge, MA 02141
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| List Price: | $1,798,000 |
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| Status: | New |
| MLS ID: | 73367362 |
| Town: | Cambridge |
| County: | Middlesex |
| Zip: | 02141 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family - 3 Units Up/Down |
| Bedrooms: | 6 |
| Full Baths: | 2 |
| Living Area: | 2,922 sqft |
| Acres: | 0.02 |
| Taxes: | 11,548 |
| Flooring: | Wood |
| Parking Features: | On Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Rubber |
| Directions: | Use GPS. |
| Foundation Details: | Concrete Perimeter |
| Construction Materials: | Brick |
| Listing Contract Date: | 2025-04-30 |
| Lot Size Area: | 0.02 |
| Lot Size Square Feet: | 1,013 |
| Rooms Total: | 10 |
| Bathrooms Total Integer: | 2 |
| Basement: | Interior Entry |
| Building Area Source: | Public Records |
| Building Area Total: | 2,922 |
| Community Features: | Public Transportation, Medical Facility, Highway Access, T-Station |
| Levels: | 6 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | 400133 |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Gas Oven |
| Zoning: | BA |
| Stories Total: | 6 |
| View: | City View(s) |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $98,400 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Lease 3: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $615.33 |
| Page: | 340 |
| Price Per Sqft: | $615.33 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $98,400 |
| Original List Price: | $1,798,000 |
| Tax Assessed Value: | $1,199,200 |
| Tax Year: | 2024 |
| Total Actual Rent: | $8,600 |
| View?: | Yes |
| Year Built Details: | Actual |
| Bedrms 2: | 3 |
| Bedrms 3: | 3 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 4,000 |
| Rent2: | 2,000 |
| Rent3: | 2,200 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on May 03, 2025 10:48 PM
Property Last Updated: May 03, 2025 08:07 AM
Listing Courtesy of: Mr. Chaddles Real Estate
Listing Agent: Chad Myers
857-222-6677
